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It seems like we have 2 economies now. One that works, and one that doesn't. The one that works seems to be much more exclusive.
by ipnon 6y ago
It seems like we have 2 economies now. One that works, and one that doesn't. The one that works seems to be much more exclusive.
- lotsofpulp 6y agoIt's been that way for decades. Top two quintiles and deciles have been far outpacing the rest, who are basically flat or in decline. Last few years were a little bit better for them, but that came to an end of course.
- x86_64Ubuntu 6y agoIt's not so much 2 economies as it's that we injected 2-4 Trillion dollars into the stock market to prop it up.
- munificent 6y agoAs of 2013, the top 1% of households owned 38% of stock market wealth. The top 10% own 81% of stock wealth. https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States#U.S._stock_market_ownership_distribution https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite...